GBP/USD Intraday: First target, continuation or consolidation?
GBP/USD (GBP/USD)
+0.00030+0.02%
The upside prevails as long as 1.3458 is support, with 1.3539 and 1.3558 as targets
Our pivot point is at 1.3458.
Our preference: The upside prevails as long as 1.3458 is support, with 1.3539 and 1.3558 as targets
Alternative scenario: below 1.3458, expect 1.3425 and 1.3406.
Comment: Prices are now closing in on our first target. Should this level hold, a throwback is likely to emerge; however, a convincing break above it could open the door to additional upside.
Supports and resistances:
1.3578 *
1.3558 **
1.3539
1.3510 last
1.3458 **
1.3425 *
1.3406 **
Our preference: The upside prevails as long as 1.3458 is support, with 1.3539 and 1.3558 as targets
Alternative scenario: below 1.3458, expect 1.3425 and 1.3406.
Comment: Prices are now closing in on our first target. Should this level hold, a throwback is likely to emerge; however, a convincing break above it could open the door to additional upside.
Supports and resistances:
1.3578 *
1.3558 **
1.3539
1.3510 last
1.3458 **
1.3425 *
1.3406 **
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